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FINWIRES

Camden Property Trust Shares Fall After Brokerages Cut Price Targets, Downgrade Stock

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Camden Property Trust (CPT) shares were down around 1.2% in recent Thursday trading after multiple price target cuts and a rating downgrade.

Morgan Stanley lowered its price target to $117 from $119 and kept an equalweight rating. UBS also cut its price target to $106 from $108 and maintained a neutral rating.

Meanwhile, Scotiabank downgraded the stock to sector underperform from sector perform and adjusted its price target to $95 from $113.

Trading volume stood at over 634,350 shares compared with a daily average of about 1.1 million shares.

Price: $104.09, Change: $-1.26, Percent Change: -1.20%

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